Ferrum, VA demographics:
population, income, and more

Total population
1,774
9.4% year-over-year change
Median household income
$40,435/yr
27.4% year-over-year change
Housing units
406
-6.9% year-over-year change

Ferrum population

How many people live in Ferrum

Ferrum is home to 1,774 residents, according to the most recent Census data. Gender-wise, 52.4% of Ferrum locals are male, and 47.6% are female.

Total population
1,774
9.4% year-over-year change
Gender ratio
Male
52.4%
929
Female
47.6%
845
Value Percent YoY change
Male 929 52.4% 2.0%
Female 845 47.6% 18.9%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Ferrum is 22, with the population distributed as follows: about 13.3% are children under 15, then 50.3% are in the 15 to 24 age group. Adults between 25 and 44 make up 14% of the population, while another 15.2% fall into the 45 to 64 bracket. Finally, around 7.2% are 65 or older.

Median age
21.8
Age breakdown
Under 15
13.3%
15 to 24
50.3%
25 to 44
14%
45 to 64
15.2%
Over 65
7.2%
Value Percent YoY change
Under 15 236 13.3% 71.0%
15 to 24 893 50.3% -8.0%
25 to 44 248 14% 49.4%
45 to 64 270 15.2% 13.9%
Over 65 127 7.2% 15.4%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Ferrum, 98.6% of the population are US-born citizens, while 1.3% have gained naturalized citizenship. At the same time, 0.1% of residents are non-citizens. As for race, 75.7% of locals are Caucasian, 18.7% are African American and 0.1% have Asian roots. There’s also a share of 4.7% that includes residents with two or more races.

Citizenship
U.S.-born citizens
98.6%
Non-U.S.-born citizens
1.3%
Non-citizens
0.1%
Value Percent YoY change
U.S.-born citizens 1,749 98.6% 8.6%
Non-U.S.-born citizens 23 1.3% 475.0%
Non-citizens 2 0.1% -75.0%
Racial breakdown
White
75.7%
Black or African American
18.7%
American Indian and Alaska Native
0%
Asian
0.1%
Native Hawaiian and other Pacific Islander
0.1%
Two or more races
4.7%
Other
0.7%
Value Percent
White 1,343 75.7%
Black or African American 332 18.7%
Asian 2 0.1%
Native Hawaiian and other Pacific Islander 2 0.1%
Two or more races 83 4.7%
Other 12 0.7%

Households in Ferrum

A peek inside Ferrum households

Ferrum has 406 households, with an average of 2 members in each. Of these, 60.3% are families, while the remaining 39.7% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
406
19.8% year-over-year change
Average people per household
2
Non-family households
161
Family households
245
Value Percent YoY change
Non-family households 161 39.7% 15.8%
Family households 245 60.3% 22.5%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Ferrum

The housing landscape of Ferrum

Ferrum's housing consists of 406 units, with 65% being detached single-family homes ideal for those wanting space. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 17% of the housing landscape.

Housing units
406
-6.9% year-over-year change
Housing types
Value Percent
1 unit, detached 264 65%
2 units 46 11.3%
5 to 9 units 27 6.6%
Mobile home 69 17%
Homes built since 2020
0
% year-over-year change

The age of buildings in Ferrum

In Ferrum, the median construction year is 1996. About 6.6% of homes were built before the 1940s, with another 3% going up by 1949. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 27 6.6% -75.7%
Built between 1940 and 1949 12 3% N/A
Built between 1950 and 1959 33 8.1% 26.9%
Built between 1960 and 1969 33 8.1% -26.7%
Built between 1970 and 1979 28 6.9% 12.0%
Built between 1980 and 1989 35 8.6% 20.7%
Built between 1990 and 1999 56 13.8% 19.1%
Built between 2000 and 2009 171 42.1% 21.3%
Built between 2010 and 2019 11 2.7% -8.3%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Ferrum occupancy rates

Out of the 406 occupied housing units in Ferrum, 69.5% are owner-occupied, while 30.5% are lived in by tenants.

Occupied housing units
406
19.8% year-over-year change
Occupancy breakdown
Renter occupied
124
Owner occupied
282
Value Percent YoY
change
Renter occupied 124 30.5% 4.2%
Owner occupied 282 69.5% 28.2%
Unoccupied housing units
0.0%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Ferrum housing costs

Housing costs in Ferrum come to a median of $870 per month, while tenants specifically pay a median gross rent of $638.

Median housing costs per month
$870/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Ferrum
$638/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Ferrum

Ferrum education at a glance

About 30% of the population in Ferrum went to high school, while 53.4% pursued college studies. Another 3.7% earned an associate degree and 7.4% hold a bachelor’s. Meanwhile, 5.5% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
High school diploma 449 30% -11.8%
College diploma 798 53.4% 3.9%
Associate degree 55 3.7% 161.9%
Bachelor's degree 110 7.4% 15.8%
Graduate degree 82 5.5% 54.7%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Ferrum

How much people earn in Ferrum

The average annual household income in Ferrum was $63,520 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +19.5% change from the previous year. At the same time, the median income stood at $40,435, reflecting a +27.4% shift over the same period.

Average household income in Ferrum
$63,520/year
19.5% year-over-year change
Median household income in Ferrum
$40,435/year
27.4% year-over-year change

Ferrum income by age

Overall, 62.9% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Over 65 $38,625 35.8%
Above poverty level
608
Below poverty level
359
Value Percent YoY
change
Above poverty level 608 62.9% 27.7%
Below poverty level 359 37.1% 39.7%

Employment in Ferrum

Workforce and job types in Ferrum

The job market in Ferrum is powered by 777 working residents, spread across a range of industries and roles. 82.6% of the working population are employed in professional or administrative positions, while 17.4% are in hands-on or service-based jobs. Also, 6.8% run their own businesses, 59.7% are employed by private companies, and 21.5% work in the public sector.

Workforce demographics

Working population
777
4.4% year-over-year change
White collar
642
Blue collar
135
Value Percent YoY change
White collar 642 82.6% 1.7%
Blue collar 135 17.4% 19.5%
Employer type
Self employees
6.8%
Private companies
59.7%
Governmental workers
21.5%
Not for profit companies
12%
Value Percent YoY change
Self employees 53 6.8% 26.2%
Private companies 464 59.7% 5.7%
Governmental workers 167 21.5% 12.8%
Not for profit companies 93 12% -19.1%
Unemployment rate
7.3%
-10.3% year-over-year change

Available workforce

The unemployment rate in Ferrum stands at 7.3%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Ferrum

How people get around in Ferrum

Commuting methods vary: 57.4% of residents travel by personal vehicle and 18% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 437 57.4% 4.5%
Bus or trolleybus 11 1.4% -26.7%
Walk 137 18% -13.3%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Ferrum by zipcode?

Zipcode Population Number of households Median income Average income
24088 5,017 1,813 $41,769 $64,492

Explore more communities

FAQs about Ferrum demographics 

What is the total population of Ferrum?

Ferrum has a total population of 1,774 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +9.4% compared to a year ago.

What is the gender ratio in Ferrum?

The gender ratio in Ferrum is as follows:
  • 52.4% males (929 residents)
  • 47.6% females (845 residents)

What is the median age in Ferrum?

The median age in Ferrum is 21.8.

What is the age distribution of the population in Ferrum?

The age distribution in Ferrum is as follows:
  • Under 15: 13.3% (236 residents)
  • Ages 15-24: 50.3% (893 residents)
  • Ages 25-44: 14% (248 residents)
  • Ages 45-64: 15.2% (270 residents)
  • Over 65: 7.2% (127 residents)

What is the racial and ethnic makeup of Ferrum?

The racial and ethnic makeup of Ferrum is as follows:
  • White: 75.7% (1,343 residents)
  • Black or African American: 18.7% (332 residents)
  • American Indian and Alaska Native: 0% (0 residents)
  • Asian: 0.1% (2 residents)
  • Native Hawaiian and Other Pacific Islander: 0.1% (2 residents)
  • Two or More Races: 4.7% (83 residents)
  • Other: 0.7% (12 residents)

What percentage of the population in Ferrum are U.S.-born citizens?

U.S.-born citizens represent 98.6% of the population in Ferrum.

How many housing units are there in Ferrum?

There are 406 housing units in Ferrum, reflecting a -6.9% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Ferrum and what is the average household size?

Ferrum has a total of 406 households, with an average of 2 people in each.

What is the median household income in Ferrum?

Ferrum has a median household income of $40,435, representing a +27.4% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Ferrum?

The employment rate is 92.7% in Ferrum, with a workforce of 777 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 82.6% (642 residents)
  • Blue-collar workers: 17.4% (135 residents)

Places of employment:
  • Self-employed: 6.8% (53 residents)
  • Private companies: 59.7% (464 residents)
  • Governmental workers: 21.5% (167 residents)
  • Not-for-profit companies: 12% (93 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025